Groupon’s Turnaround Strategy: Cuts 500 Jobs, Leans Into “Automation,” Withdraws 2022 Guidance
Groupon, Inc. (Nasdaq: GRPN) reported on Monday its financial results for Q2 2022, highlighting revenue of US$153.2 million. This is a decrease from Q2 2021’s revenue of US$266.0 million and also fails to beat the consensus estimate of US$159 million. “Our overall business performance is not at the levels we anticipated and we are taking […]
Steve Bannon Thinks The Fed Is The Enemy And Is Calling To End It
At the Conservative Political Action Conference (CPAC) on Friday, Steve Bannon, a former investment banker who was once a top adviser to former President Donald Trump, gave an impassioned speech that climaxed with a call to end the Federal Reserve System. “We don’t need to audit the Fed. We need to end the Federal Reserve,” […]
Gran Tierra Records 30,607 BOPD Average Production In Q2 2022, “Highest Since Q4 2019”
Gran Tierra Energy Inc. (TSX: GTE) announced on Monday its Q2 2022 production results. The energy firm highlighted an annual average production of 30,607 barrels of oil per day (bopd), up from Q1 2022’s 29,362 bopd and Q2 2021’s 23,035 bopd. The company touts this figure as the its highest average production since Q4 2019. This […]
Is the Dollar Losing its Dominance? Russia Resorts to Yuan Bond Sales to Raise Capital
The West’s choking sanctions against Russia have prompted the former Soviet country to explore alternative currencies to raise capital and incite business investment, dealing another blow to the greenback’s global dominance. With Russia facing a plethora of sanctions from all directions of the globe, Moscow has no choice but to devise creative ways to lure […]
Denison Re-Enters The Fray To Acquire UEX Corp, Bidding Higher Than Uranium Energy
Denison Mines (TSX: DML) appears to be in a competition with Uranium Energy Corp (NYSE: URC) to see whom can propose the smallest increase in their bids to acquire UEX Corporation (TSXV: UEX). Denison this morning announced it has revised its prior offer to acquire the exploration firm, this time electing to publicly reveal its […]
Curaleaf Holdings Returns To Topline Revenue Growth In Q2
Curaleaf Holdings (CSE: CURA) last night reported its second quarter financial results for the period ended June 30. After seeing negative sequential growth in the first quarter of the year, the firm appears to have returned to a topline growth story. Revenues for the quarter came in at $337.6 million, a 7.8% increase over the […]
Max Resource Identifies Two IP Drill Targets At Cesar Property
Max Resource Corp (TSXV: MAX) has identified the first IP targets for its planned drill program that is set to begin next month. The targets come via a recently completed ground induced polarization survey conducted at the Cesar copper-silver property in Colombia. Data from the the IP survey is said to correlate with two copper-silver […]
Global Food Prices Plummet by Most Since 2008
Despite assurances from government officials and central bank policy makers that inflation was going to be anything but permanent, it appears that some price pressures may be easing… or at least for now. Latest data from the UN’s Food and Agriculture Organization shows that global food prices fell substantially in July particularly for cereal and […]
Equinox Gold: Haywood Slashes Targets After Poor Q2 Performance
Equinox Gold Corp. (TSX: EQX) last week reported its second quarter financial results. The company announced that it produced 120,813 ounces of gold, slightly up from 117,452 last quarter. The firm also said it sold 120,395 ounces of gold for an average price of $1,856 per ounce. Cash costs for the quarter came out to […]
Bad News, Gold Bugs! Jim Cramer Thinks It’s “The Perfect Time” To Buy Gold
Jim Cramer, the energetic host of CNBC’s Mad Money, declared on Wednesday that it’s the “perfect entry time to do some buying.” Cramer based this on charts that legendary market technician Larry Williams developed. He explained that Williams believes that when small spectators get too bullish on gold, this often indicates that it’s about to […]